Sterling Investment Advisors Ltd. Decreases Stake in The Walt Disney Company $DIS

Sterling Investment Advisors Ltd. reduced its position in The Walt Disney Company (NYSE:DIS) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,448 shares of the entertainment giant’s stock after selling 421 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Walt Disney were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the 1st quarter valued at about $26,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in Walt Disney by 41.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 135 shares during the last quarter. First PREMIER Bank boosted its position in Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Capitol Family Office Inc. purchased a new position in Walt Disney in the 1st quarter valued at about $52,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Citigroup increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Price Performance

DIS opened at $114.78 on Tuesday. The firm has a market cap of $206.37 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company’s 50-day moving average price is $116.83 and its 200 day moving average price is $109.72. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.